Trading AVAX on Tokenize Xchange can never be easier
Avalanche (AVAX) has the potential to be one of the greatest projects in the crypto market race. With significant growth over the past year, 2,000% compared to 50% for BTC and 320% for ETH, AVAX is slowly becoming viable for long-term investment. Let’s explore 5 things to know about the AVAX token – the newly listed cryptocurrency on Tokenize Xchange to understand why this project is so attractive to investors.
1. Avalanche is a big rival of Ethereum
Avalanche is a layer one blockchain designed to function as a decentralized, distributed, and secure network. In addition, the platform also offers payment solutions in the form of AVAX cryptocurrency.
Avalanche blockchain has become a big rival of Ethereum that is aiming to unseat Ethereum as the most popular blockchain for smart contracts. According to Ava Labs, this is the first blockchain that can process smart contracts and execute transactions in less than one second. Also, Avalanche can handle a higher transaction output of 4,500 transactions per second, much higher compared to Ethereum with 14 transactions per second.
2. What makes Avalanche special?
The outstanding point of Avalanche comes from its unique architecture. The Avalanche attempts to deal with the blockchain trilemma by including three separated blockchains: X-Chan, C-Chain, and P-Chain. Each one aims for a different purpose, which is radically distinct from the approach that Bitcoin and Ethereum use.
3. Proof of Stake consensus mechanism
Scalability: Avalanche uses a Proof of Stake (PoS) consensus mechanism, which provides Sybil protection for the network. The system allows tens of thousands of validators to operate in the system while ensuring resistance to cyberattacks.
4. The development team of AVAX token
Founded in 2018 and funded by multiple investment funds such as Andreessen Horowitz, Initialized Capital, and Polychain Capital; Ava Labs is currently developing the Avalanche platform and the AVAX cryptocurrency. Ava Lab is a technology research and development company based in Brooklyn – New York.
Avalanche project has been led by Emin Gün Sirer, a Turkish-American computer scientist, founder, and currently an associate professor of computer science at Cornell University. Other members of Ava Labs are experts with extensive experience in the fields of technology, finance, economics, marketing, etc.
5. Avalanche ecosystem
Avalanche ecosystem is rapidly expanding with DEX’s, Synthetics, Prediction Markets, ILOs, Private Securities, and more.
And here comes great news for all AVAX lovers!
From today, Tokenize Xchange has supported AVAX withdrawal for our users! Moreover, AVAX deposit will be available from Dec 1st, 2021. Click HERE to withdraw your AVAX tokens and enjoy your investment journey. Don’t forget to finish KYC and start your investment journey with AVAX.
If you are wondering how to trade AVAX in Singapore, Tokenize Xchange would be the answer! Click HERE and start buying and selling AVAX.
>>>Read more: How to buy crypto with credit and debit cards in Singapore<<<
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Cryptocurrencies are subjected to high market risk and volatility despite high growth potential. Users are strongly advised to do their research and invest at their own risk.